Buying properties in Korea - profitable and interesting!

Korea – an interesting Asian region with developed economy and high quality of life. The excellent production of manufactured goods of different categories, the preservation of the environment and arranged towns - the distinctive features of the country. The beauty of the country combined with the ancient traditions, on the background of developed and modern life in Korea - attracts both tourists and real estate investors. Properties in Korea - not only interesting, but also advantageous offer. Korea's stability is expressed not only in economic indices but also in a stable property market, and in addition to this the government regulates real estate prices in the country, which also inspires confidence.

Properties in Korea, the pros

Buying of real estate in Korea - this is an obvious economic benefit. Residential property in the country cannot only bring benefits from the rent, but simply due to the constant rise in prices. This means that you will be insured not only against inflation and economic crises, but you’ll also multiply your capital investments.

Prices of properties in Korea

The average cost per square meter in a nice area of Seoul is comparable to counterparts in prestigious European metropolitan areas, and in the suburbs - the price is twice lower. The average cost of flats in the country is quite accessible for investors with an average income. In general, rental rates are beneficial, especially in the center of major cities in Korea.

Buying property in Korea is simple

The procedure of registration of transaction will not be a trouble if you hire an experienced lawyer or realtor - as a rule, contracts are drawn up in English. The entire process usually takes less than two months. Acquisition of real estate in Korea for foreigners is not restricted, the only one possible, uncomfortable moment – rental profits cannot be exported outside the country. But these nuances can be solved, for example, you can register your own company on the territory of the country. It should be added that investors who have invested in the Korea's economy 500 thousand dollars and lived in its territory for 3 years, get a residence permit and a simplified version on the obtained income from the lease.